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Rate touches fresh session lows as......>

EURO-DOLLAR
EURO-DOLLAR: Rate touches fresh session lows as the USD rally gathers momentum.
The USD index remains well below yesterday's highs (a further 0.25% rally should
do it). Rate should find some support on an approach into the Oct1 low of
$1.1520 before the Aug15 ascending trendline support kicks in at $1.1442. Risk
events now out of the way but markets remains particularly cognizant of weekend
headline risk, with US tensions flaring with the likes of China and Saudi
Arabia. Fed's Bostic is due to speak at 1730BST.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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